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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

STOCKSCOMMENTARYA topsy-turvy week in the financial markets, in which U.S. stocks seesawed aseconomic tidings shifted. After dipping below 7000 on May 1, the Dow Jonesindustrial average climbed 95 points to 7071 on May 2, spurred by upbeatearnings news in the computer sector. The rally continued on May 5, when theDow rose 143 points amid expectations for low inflation. But after climbing toa record 7225 on May 6, a shift toward downbeat inflation sentiment sent theDow falling 140 points on May 7.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7085.7 1.1 30.7

NASDAQ Combined Composite 1322.9 4.9 11.9

S&P MidCap 400 266.2 3.5 14.2

S&P SmallCap 600 146.1 5.4 9.0

S&P SuperComposite 1500 174.3 2.1 25.5

% change

SECTORS Latest Week Year

Bloomberg Information Age 249.9 2.2 21.7

S&P Financials 91.7 0.9 46.0

S&P Utilities 192.7 3.5 2.7

PSE Technology 267.3 6.8 21.5

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4537.5 2.3 21.9

Frankfurt (DAX) 3552.0 3.3 43.3

Tokyo (NIKKEI 225) 20,048.9 4.7 -6.7

Hong Kong (Hang Seng) 13,605.9 5.4 27.1

Toronto (TSE 300) 6113.5 2.3 18.3

Mexico City (IPC) 3774.0 0.5 19.1

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.79% 1.86% 2.18%

S&P 500 P/E Ratio (Last 12 mos.) 20.9 20.1 18.9

S&P 500 P/E Ratio (Next 12 mos.)* 17.1 16.6 NA

First Call Earnings Surprise* 3.52% 3.52% NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 734.5 730.1 Positive

Stocks above 200-day average 65.0% 56.0% Neutral

Options: Put/call ratio 0.56 0.58 Negative

Insiders: Vickers Sell/buy ratio 1.72 1.76 Positive

BEST-PERFORMING Last EQUITY FUND CATEGORIES Last 12

GROUPS month% months%

Machine Tools 22.4 Semiconductors 71.4

Trucking 15.8 Savings & Loans 67.3

Computer Software 14.9 Invest. Banking/Brkrge. 59.7

Soft Drinks 14.8 Household Products 54.1

Electrical Equipment 12.3 Drug Chains 50.0

WORST-PERFORMING Last Last 12

GROUPS month% months%

Engineering & Constr. -5.1 Gold Mining -29.8

Oil & Gas Drilling -4.6 Engineering & Constr. -21.8

Defense Electronics -1.3 Defense Electronics -10.4

HMOs -0.2 Machine Tools -9.4

Pollution Control -0.1 Broadcasting -7.3

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Wells Fargo 276 1/2 -4 5/8

Micron Technology 38 1/2 -3 3/8

Novellus Systems 77 -3 3/4

Motorola 61 -1/8

United HealthCare 49 -1 1/2

United Waste Systems 36 1/8 -1 3/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 158 12 7/8

Cisco Systems 57 3/4 3 5/16

3Com 35 3/4 1 3/8

Ascend Communications 49 1/2 1 7/8

Sun Microsystems 30 1/8 3/8

Philip Morris 41 3/4 4

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.08 4.84

90-DAY TREASURY BILLS 5.22 5.28 5.14

6-MONTH BANK CDS 5.23 5.23 4.90

1-YEAR TREASURY BILLS 5.94 5.90 5.71

10-YEAR TREASURY NOTES 6.75 6.72 6.87

30-YEAR TREASURY BONDS 6.96 6.95 7.08

LONG-TERM AA INDUSTRIALS 7.48 7.47 7.65

LONG-TERM BBB INDUSTRIALS 7.93 7.92 8.03

LONG-TERM AA TELEPHONES 7.72 7.71 7.91

BLOOMBERG MUNI YIELD EQUIVALENTS

Taxable equivalent yields on AAA-rated, tax-exempt municipal bonds,

assuming a 31% federal tax rate.

10-yr. bond 30-yr. bond

Latest Last Latest Last

week week week week

GENERAL OBLIGATIONS 5.02% 5.05% 5.56% 5.59%

PERCENT OF TREASURIES 74.40 75.23 79.90 80.37

TAXABLE EQUIVALENT 7.28 7.32 8.06 8.10

INSURED REVENUE BONDS 5.18 5.21 5.79 5.84

PERCENT OF TREASURIES 76.77 77.58 83.20 83.97

TAXABLE EQUIVALENT 7.51 7.55 8.39 8.46

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

Four-week total return % Four-week total return %

Yorktown Classic Value 13.9 Bull & Bear Gold Investors -9.7

Rydex Nova 12.4 Morgan Stan. Inst. Gold A -8.2

DFA Japanese Small Co. 12.0 Midas -7.8

Papp America-Abroad 11.5 Rydex Ursa -7.5

Wasatch Micro-Cap 10.9 Lexington Strat. Invmnts. -7.3

Leaders Laggards

52-week total return % 52-week total return %

Legg Mason Value Primary 51.6 United Svcs. Gold Shares -44.8

Morgan Stan. Inst. Lat. Am. A 50.1 DFA Japanese Small Co. -42.2

Morgan Stanley Latin Amer. A 48.9 Steadman Technology Grth. -37.8

Fidelity Sel. Regional Banks 47.8 Fidelity Japan Small Co. -36.9

Fidelity Sel. Home Finance 46.1 Matthews Korea -36.5

Leaders Laggards

Four-week total return % Four-week total return %

Japan 8.9 Precious Metals -4.8

Large-cap Blend 6.5 Real Estate 0.0

Large-cap Growth 6.3 Diversified Emerging Mkts. 1.6

Large-cap Value 5.9 Latin America 2.0

Financial 5.7 Natural Resources 2.7

Leaders Laggards

52-week total return % 52-week total return %

Financial 39.5 Precious Metals -27.1

Latin America 31.7 Japan -16.0

Real Estate 30.8 Small Growth -7.1

Large-cap Blend 25.1 Diversified Pacific/Asia -4.1

Large-cap Value 24.1 Pacific/Asia ex-Japan 1.4

All data are as of market close Wednesday, May 7, 1997, unless otherwise

indicated. Industry groups include S&P 500 companies only. Fundamentals,

technical indicators, Bloomberg money flow analysis, and mutual fund returns

are as of May 6. For a more detailed explanation, write to us or E-mail

figures@businessweek.com. NA=Not available **Vanguard Index 500 Fund

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